2 weeks Ago By ABMN Staff
Cantor Fitzgerald reaffirmed their overweight rating on shares of Uber Technologies ( NYSE:UBER – Free Report ) in a research report report published on Monday, Benzinga reports. They currently have a $90.00 price objective on the ride-sharing company’s stock.
A number of other brokerages also recently issued reports on UBER. Wolfe Research assumed coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They set an outperform rating and a $90.
00 price objective for the company. Needham & Company LLC reissued a buy rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 7th.
Wells Fargo & Company reissued an overweight rating and set a $97.00 price objective on shares of Uber Technologies in a research report on Friday, September 13th. Morgan Stanley boosted their price objective on shares of Uber Technologies from $90.
00 to $95.00 and gave the company an overweight rating in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets reissued an outperform rating and set a $92.
00 price objective on shares of Uber Technologies in a research report on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.
com, Uber Technologies has an average rating of Moderate Buy and a consensus target price of $87.81. Read Our Latest Stock Analysis on Uber Technologies Uber Technologies Trading Down 0.
8 % Uber Technologies ( NYSE:UBER – Get Free Report ) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.
31 by $0.16. Uber Technologies had a net margin of 5.
02% and a return on equity of 17.06%. The business had revenue of $10.
70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the previous year, the firm posted $0.
18 EPS. The firm’s revenue was up 15.9% on a year-over-year basis.
Research analysts forecast that Uber Technologies will post 1.04 earnings per share for the current year. Insiders Place Their Bets In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction dated Monday, July 15th.
The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00.
Following the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link .
In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.
00. Following the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink .
Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.
00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74.
The disclosure for this sale can be found here . Corporate insiders own 3.84% of the company’s stock.
Hedge Funds Weigh In On Uber Technologies Several institutional investors have recently bought and sold shares of UBER. Vanguard Group Inc. boosted its stake in Uber Technologies by 34.
8% in the fourth quarter. Vanguard Group Inc. now owns 167,629,367 shares of the ride-sharing company’s stock valued at $10,320,940,000 after acquiring an additional 43,275,830 shares in the last quarter.
Price T Rowe Associates Inc. MD lifted its stake in shares of Uber Technologies by 37.8% during the first quarter.
Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after buying an additional 9,996,508 shares during the period. GQG Partners LLC lifted its position in Uber Technologies by 74.
1% during the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after purchasing an additional 9,541,366 shares during the period. Capital Research Global Investors lifted its position in Uber Technologies by 28.
4% during the fourth quarter. Capital Research Global Investors now owns 36,928,116 shares of the ride-sharing company’s stock valued at $2,273,669,000 after purchasing an additional 8,164,816 shares during the period. Finally, Allen Investment Management LLC increased its holdings in Uber Technologies by 2,956.
5% in the first quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock valued at $410,995,000 after buying an additional 5,163,635 shares in the last quarter. 80.
24% of the stock is owned by hedge funds and other institutional investors. About Uber Technologies ( Get Free Report ) Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight.
The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services. Featured Stories Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter .
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